Leggett & Platt Quick ratio
What is the Quick ratio of Leggett & Platt?
The Quick ratio of Leggett & Platt, Inc. is 0.88
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Consumer Discretionary sector on NYSE compared to Leggett & Platt
What does Leggett & Platt do?
Leggett & Platt is an American diversified manufacturer that designs and produces various engineered components and products that can be found in homes and automobiles. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers.
Companies with quick ratio similar to Leggett & Platt
- Fuling Global Inc has Quick ratio of 0.88
- Archer Daniels Midland Co has Quick ratio of 0.88
- China Yongda Automobiles Services has Quick ratio of 0.88
- AMETEK has Quick ratio of 0.88
- Biotest Ag St Angedient has Quick ratio of 0.88
- IMCD NV has Quick ratio of 0.88
- Leggett & Platt has Quick ratio of 0.88
- JXTG has Quick ratio of 0.88
- Rexford Industrial Realty Inc has Quick ratio of 0.89
- Rexford Industrial Realty has Quick ratio of 0.89
- China Magnesium has Quick ratio of 0.89
- Gold Flora Corp has Quick ratio of 0.89
- Beardsell has Quick ratio of 0.89